Pricing in Urban and Suburban Transport¶
Vickrey, W. (1963). Pricing in Urban and Suburban Transport. American Economic Review, 53(2), 452-465.
Cited by¶
4 citations across 4 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Jevons Paradox
- The structure makes the missing premise explicit — the inference "more lanes, less congestion" is invalid without an elasticity model — and prescribes the corrective lever precisely: act on the price channel that the efficiency gain removed, by congestion pricing, which restores the time-or-money cost the extra lane eliminated.
This sourceFoundational argument for congestion pricing as the corrective that restores the price the added capacity removed.
- The structure makes the missing premise explicit — the inference "more lanes, less congestion" is invalid without an elasticity model — and prescribes the corrective lever precisely: act on the price channel that the efficiency gain removed, by congestion pricing, which restores the time-or-money cost the extra lane eliminated.
- Parkinson's Law
- The intervention the prime names is cost-of-utilization pricing — congestion tolls that make the marginal trip expensive, converting the fill-the-slack pressure into a conservation pressure.
This sourceArgues for marginal-cost congestion pricing of road use to internalize the cost of the marginal trip.
- The intervention the prime names is cost-of-utilization pricing — congestion tolls that make the marginal trip expensive, converting the fill-the-slack pressure into a conservation pressure.
- Regularization
- Congestion pricing is regularization operating in the governance substrate, and it qualifies precisely because it carries all three marks — soft penalty, tunable weight, generalization justification — rather than being a hard ban.
This sourceFoundational case for congestion pricing: a calibrated, tradable toll on peak-zone travel as a soft penalty rather than a ban.
- Congestion pricing is regularization operating in the governance substrate, and it qualifies precisely because it carries all three marks — soft penalty, tunable weight, generalization justification — rather than being a hard ban.
Mechanisms¶
- Congestion or Peak-Load Charge
- Its strength is reallocating a fixed scarce capacity: by charging the peak it invites the flexible to step aside so the inflexible get through, and it prices a shared resource at something closer to its true marginal cost when crowded.
This sourceArgues for peak-sensitive transport pricing that reflects the economic cost of scarce, congested capacity.
- Its strength is reallocating a fixed scarce capacity: by charging the peak it invites the flexible to step aside so the inflexible get through, and it prices a shared resource at something closer to its true marginal cost when crowded.
Verification¶
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